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All credit-risk and finance professionals, regardless of how little or how long they've been performing their duties, know that the weak economy sparked a record volume of defaults in 2008. A significant number of these were important counterparties to energy companies. These epic defaults highlight how important it is for an energy company to establish a strong credit--risk function that enables it to monitor effectively the credit-worthiness of its counterparties. Such counterparty analysis is a vital building block to more encompassing credit-risk management, and brings with it a multitude of potential uses:

• as vital information during negotiations with new counterparties
  
• as a means of monitoring existing counterparties
  
• as an important input into a credit-value-at-risk calculation

This webinar will examine several techniques for measuring counterparty risk, including traditional corporate credit-analysis, credit-default swaps, bond spreads, econometric models and structural models. Considerable focus will be given to traditional credit-analysis, including relevant financial statement adjustments, key ratio calculations and credit-scoring techniques. Credit-risk, financial, treasury and accounting attendees will take away from this webinar numerous tools for immediate application to their specific company situation. These takeaways, combined with disciplined credit-risk management procedures, will arm energy companies with the tools needed now to avoid potentially significant losses.

Who Should Attend

IOUs, munis, coops, IPPs, retail marketers, wholesale marketers, investment banks, hedge funds, and/or private equity firms that have involvement in:

• Treasury/Accounting
  
• CFO
  
• Risk Management
  
• Credit-Management
  
• Credit-Derivatives
  
• Finance
  
• Back Office
  
• Front Office
  
• Hedging
  
• Strategic Planning
  
• Executive Officers
  
• Structuring
  
• Settlements
  
• Traders
  
• Portfolio Management

Learning Outcomes

After completing this webinar, attendees will be able to:

• Identify various techniques for measuring counterparty risk
  
• Analyze key portions of a counterparty's financial statements
  
• Apply the appropriate adjustments to balance sheet and income statement items
  
• Calculate key credit-ratios
  
• Apply key ratios to credit-scores
  
• Evaluate the applicability of different types of credit-models to their specific situation

Requirements for Successful Completion of Program

Participants must be logged in to the web conference for its entirety to receive continuing education credit.

Instructional Methods

Web-based PowerPoint presentation and on-line interactive question/answer session.

Continuing Education Credits:

EUCI is authorized by IACET to offer up to 0.1 CEUs for this program.